Traditional IRA contributions can be tax deductible or partially tax deductible based on MAGI. In 2014, an individual with a MAGI of up to $70,000 is eligible for at least partial deductibility. There are no income limits on who can contribute to a traditional IRA.
When the water heater breaks / leaks whatever the pressure tank is going to loose pressure telling the pump to come on and the pump will run continually as it can not build pressure to shut it off.
Water Heater. Water heater leaks can cause severe damage to a basement. Damage from a water heater is covered, however the insurance company often tries to argue that this type of loss is a maintenance issue. Having a Public Adjuster negotiate your claim is a must for water heater leaks.